Standard Life pulls in £125m for new wrap

clock

Standard Life's discretionary service wrap has seen £125m of inflows since it launched in April this year, the group has said.

More than 100 adviser businesses have chosen a discretionary manager to look after client portfolios on the platform. The number of managers available has risen from 11 to 18 since launch.

The first managers include Brewin Dolphin, Charles Stanley, Frontier Investment Management, Investec Wealth & Investment, Liontrust, Quilter Cheviot, Sarasin & Partners, Seven Investment Management, Vestra Wealth and Standard Life Wealth.

Standard Life platform propositions head David Tiller said the demand for discretionary services remained considerable: "You have more advisers wanting to use the investment skills of quality discretionary managers, and we are seeing the move to a platform-centric model that lets advisers retain flexibility, transparency and control.

"As the UK’s wealth is increasingly moving to an older demographic, the combination of tax optimisation and investment strategies is vital."

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot